The baht opened at 33.04 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.01. The Thai currency is likely to move between 32.95 and 33.10 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht was weakening while the US dollar could swing sideways. The baht […]
Read MoreEconomists are urging Thailand’s central bank to cut interest rates this week to support the economy amid rising downside risks. Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group (KKP), said the Bank of Thailand’s Monetary Policy Committee (MPC) should reduce the policy rate at its next meeting on […]
Read MoreInternational arrivals may be as low as 500,000 this year as Thailand’s third-quarter prospects remain gloomy, according to the Tourism and Sports Ministry. Despite the uncertain outlook, the creation of new “blue zones” has been devised to lure local and international travellers to safe tourism areas. “If the ongoing outbreak continues past September, the total […]
Read MoreWhile the prolonged Covid-19 outbreak has raised fresh concerns over a labour shortage in the industrial sector, most executive members of the Federation of Thai Industries (FTI) expect less than 30% of production may be affected. They voiced their concerns in the FTI’s latest CEO survey which interviewed 166 executives across 45 industries in July […]
Read MoreThe Thai bourse recorded massive outflows as foreign investors offloaded 32 billion baht worth of Thai shares in 45 days, while Thai investors’ trading value dropped to 60-80 billion baht per day amid soaring infections and growing economic uncertainty. The government announced the extension of the lockdown in 13 provinces with the highest infection rates […]
Read MoreRestaurant operators remain unhappy with the government’s latest decision to ease restrictions for restaurants and eateries at malls in dark red zones, allowing them to sell food via delivery using online platforms. Atchara Burarak, founder and creative director of Iberry Group, operator of Kub Kao Kub Pla, Ros’niyom and Thongsmith restaurants, said despite the easing […]
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